Caledonia Mining (CMCL) Return on Capital Employed (2010 - 2026)

Caledonia Mining (CMCL) posted quarterly Return on Capital Employed of 19.71% for Q1 2026, down 97.0% YoY from 657.03% in Q1 2025, and down 9.14% sequentially from 21.69% in Q4 2025.

Caledonia Mining (CMCL) Return on Capital Employed (2010 - 2026) Analysis & Trends

Caledonia Mining has disclosed Return on Capital Employed across 17 years of filings, most recently posting 19.71% for Q1 2026.

  • In Q1 2026, Return on Capital Employed fell 97.0% year-over-year to 19.71%; the TTM figure through Mar 2026 stood at 19.71% (down 97.0% YoY), while the FY2025 annual figure was 40.18%, up 2451.0% from the prior year.
  • Return on Capital Employed fell to 19.71% in Q1 2026, from 21.69% in the prior quarter.
  • Over the last five years, Return on Capital Employed for CMCL reached as high as 21.9% in Q2 2022 and fell as low as 1.69% in Q3 2023.
  • The 5-year median for Return on Capital Employed is 15.99% (2024), against an average of 13.93%.
  • Annual changes were most pronounced in 2023 — Return on Capital Employed plunged 1961 bps — and 2025, when it jumped 1363 bps.
  • A 5-year view of Return on Capital Employed shows it stood at 19.61% in 2022, then plunged by 81 bps to 3.82% in 2023, then surged by 318 bps to 15.99% in 2024, then soared by 36 bps to 21.69% in 2025, then decreased by 9 bps to 19.71% in 2026.
  • According to Business Quant data, Return on Capital Employed over the past three periods registered 19.71%, 21.69%, and 16.95% for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) ROCE (Qtr)
1 Barrick Mining 978.09 Bn 980.39 Bn 3.12 Bn 9.05%
2 Trx Gold 189.48 Bn 189.48 Bn 21.05 Mn 41.57%
3 Newmont 101.22 Bn 92.61 Bn 7.29 Bn 21.10%
4 OR Royalties 53.18 Bn 53.08 Bn 88.84 Mn -
5 Wheaton Precious Metals 50.59 Bn 48.43 Bn 699.37 Mn -
6 Aura Minerals 50.25 Bn 50.25 Bn 19.58 Mn -
7 Franco Nevada 40.21 Bn 39.50 Bn 526.30 Mn 19.41%
8 Gold Fields 30.19 Bn 28.41 Bn - -
9 Kinross Gold 28.01 Bn 25.95 Bn 1.44 Bn -
10 Caledonia Mining 3.20 Bn 3.06 Bn 32.10 Mn 19.71%

Historic Data

Download Data
DateValue
Mar 31, 2026 19.71%
Dec 31, 2025 21.69%
Sep 30, 2025 16.95%
Jun 30, 2025 11.50%
Mar 31, 2025 20.68%
Dec 31, 2024 15.99%
Sep 30, 2024 10.71%
Jun 30, 2024 11.20%
Mar 31, 2024 7.05%
Dec 31, 2023 3.82%
Sep 30, 2023 1.69%
Jun 30, 2023 2.83%
Mar 31, 2023 10.66%
Dec 31, 2022 19.61%
Sep 30, 2022 21.30%
Jun 30, 2022 21.90%
Mar 31, 2022 19.43%
Dec 31, 2021 19.37%
Sep 30, 2021 19.35%
Jun 30, 2021 18.33%